He points out that manager Ed Owens ' fund was down just 11.4% last year, when most drug companies and biotechs suffered declines of 25% or worse.
Mr. TED SHAW (Director-counsel, and President of NAACP Legal Defense Fund): Well, it does, Ed.
Read the book Beat The Dealer by Ed Thorp, the former blackjack player who became a hedge fund manager.
FORBES: The Highly Profitable Blackjack Side Bet That Became As Elusive As An Ex-Girlfriend
According to the ETF Finder at ETF Channel, ED makes up 3.97% of the Utilities Select Sector SPDR Fund ETF ( AMEX: XLU )which is trading relatively unchanged on the day Wednesday.
According to the ETF Finder at ETF Channel, ED makes up 3.71% of the Utilities Select Sector SPDR Fund ETF ( AMEX: XLU )which is trading higher by about 1% on the day Monday.
According to the ETF Finder at ETF Channel, ED makes up 3.97% of the Utilities Select Sector SPDR Fund ETF ( AMEX: XLU )which is trading higher by about 0.7% on the day Thursday.
According to the ETF Finder at ETF Channel, ED makes up 3.97% of the Utilities Select Sector SPDR Fund ETF ( AMEX: XLU )which is trading lower by about 0.6% on the day Wednesday.
According to the ETF Finder at ETF Channel, ED makes up 3.97% of the Utilities Select Sector SPDR Fund ETF ( AMEX: XLU )which is trading lower by about 0.5% on the day Wednesday.
"Which of course is a problem, because every dollar that has to be supported by the general fund is a dollar out of the classroom, " said Ed Wilkins, the school nutrition director for the San Francisco Public Schools.
Ms. PHYLLIS COPT (Listener): And I took a 50-percent lump sum from the Kansas Retirement Fund, and I put it in a self-directed IRA with Ed Jones.
The ETF tracks a NYSE Arca index that selects stocks based on price and earnings momentum, earnings quality, management and value, says Ed McRedmond, senior vice president of institutional and portfolio strategies at Invesco PowerShares, the fund's sponsor.
Shadow chancellor Ed Balls said any additional funding should be held back until the details of the permanent eurozone bailout fund had been agreed.
BBC: Eurozone crisis: Right to boost IMF funds, Cameron says
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